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Dec 27, 2012
12/12
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senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the senate is coming back and the house of representatives is going to have a conference call for all republicans later on today and then yesterday, we saw the secretary of the treasury, tim geithner, announced the $16.4 trillion debt limit is going to be reached by monday, that was a little bit surprising to people who haven't been following this kind of thing and raises the stakes for the fiscal cliff end game because the white house had wanted a debt ceiling deal as part of the overall deal here on the fiscal cliff. republicans have bee
senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his...
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Dec 13, 2012
12/12
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we will bring you comments from senators harry reid and dick durbin. that is live, and that is coming up. >>> the "cnbc realtime exchange market snapshot" is brought to you by interactive brokers. >>> it is time for another capital markets op-ed. buybacks. >> you guys covered this yesterday at great length. i hoped to look at some of the newspapers today, "the wall street journal" was the only newspaper somewhat critical about this. look, warren buffett will be buying back stocks. he was never going to buy back stock or split the stock. he was never going to put the stock in the s&p 500. if this is not hypocritical to the maximum level -- no, no, no. he has changed. >> oh, a long time ago. >> a long time ago. never believed in buybacks. never would split a stock into the "b" shares and would never go into the s&p 500. you don't want closet indexes owning the name. that's some of the hypocrisy. but given the fact that he took out one of the early investors in this stock before the capital gains tax goes up, i mean, really? come on. if this wasn't buffet
we will bring you comments from senators harry reid and dick durbin. that is live, and that is coming up. >>> the "cnbc realtime exchange market snapshot" is brought to you by interactive brokers. >>> it is time for another capital markets op-ed. buybacks. >> you guys covered this yesterday at great length. i hoped to look at some of the newspapers today, "the wall street journal" was the only newspaper somewhat critical about this. look, warren...
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Dec 31, 2012
12/12
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>> well, i wasn't able to hear what harry reid just said because we were on the air. and i had the piece in my ear. so i don't know exactly any other time table he gave. but what i mentioned as you and i talked a few minutes ago was the republican source was telling me expect the negotiations to keep going, that we weren't going to get a deal immediately, that things have to be scored and prepared and then members have to get briefed. so we'll go deeper in to the day in terms of this process and when any potential votes might happen, but i would expect that if biden and mcconnell spoke at 6:30 this morning, their staffs are probably buttoning up the results of that phone call. there may be more phone calls. and then when they have got a deal, when they have it scored and agreed upon, they will come out and we'll all know it pretty quickly. but not just yet. >> reid says fiscal cliff negotiations continue. differences remain. mcconnell is not on the floor. good sign? too busy working things out in the back room somewhere? >> i would think that's a good sign. if you're
>> well, i wasn't able to hear what harry reid just said because we were on the air. and i had the piece in my ear. so i don't know exactly any other time table he gave. but what i mentioned as you and i talked a few minutes ago was the republican source was telling me expect the negotiations to keep going, that we weren't going to get a deal immediately, that things have to be scored and prepared and then members have to get briefed. so we'll go deeper in to the day in terms of this...
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Nov 28, 2012
11/12
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>> senator reid said we won't have one. everyone has to get used to that. warren buffett talking about going over. probably going to happen in january. i feel like we're going to go over. you can meet with all of the ceos you want to. doesn't really matter. 200,000 people in a room. doesn't really matter. norquist saying don't have a deal. have to raise taxes. democrats don't seem to favor lowered defense budget and favor higher taxes for the rich and so we're done. i think we're done. >> after durbin speoke yesterda, if you're going to get a blueprint, he doesn't want entitlements be part of it for next year. >> it's the 1,000-point solution. maybe that will change their mind. durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a
>> senator reid said we won't have one. everyone has to get used to that. warren buffett talking about going over. probably going to happen in january. i feel like we're going to go over. you can meet with all of the ceos you want to. doesn't really matter. 200,000 people in a room. doesn't really matter. norquist saying don't have a deal. have to raise taxes. democrats don't seem to favor lowered defense budget and favor higher taxes for the rich and so we're done. i think we're done....
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Dec 21, 2012
12/12
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the ball is now in reid's court. i think that's what the speaker of the house is going to say at 10:00. reid could craft a bill in the senate that could then be passed to the house of representatives. the pressure will be on them to do something. the great irony of all of this is that john boehner is going to make the deal. this is what the hopes are for the bulls, boehner will make the deal with his arch nemesis, nancy pelosi to get the bill crafted through the house. so folks, we are already well off the lows. the dow still down 115 points. the s&p 5001429. remember, the close last week, 1413. jim, back to you. >> that's a nice path. that would be great. a very civil path about solving the cliff. this would be terrific. i hope that happens. i just think that when we say that, we mislead people to some degree because there are some people who don't want a deal. so anyway, stocks off to a weak start. >> here we are, hovering around a 175 yield in a ten-year. as you look at these three charts, a 24-hour chart, one-wee
the ball is now in reid's court. i think that's what the speaker of the house is going to say at 10:00. reid could craft a bill in the senate that could then be passed to the house of representatives. the pressure will be on them to do something. the great irony of all of this is that john boehner is going to make the deal. this is what the hopes are for the bulls, boehner will make the deal with his arch nemesis, nancy pelosi to get the bill crafted through the house. so folks, we are already...
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Dec 24, 2012
12/12
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the senate, the house, the president, they all want to do what's best especially harry reid and his gang. they're so worried about everybody in the fiscal cliff. they're obviously worried about how a & p is going to affect people, marginal tax rates, the middle class. good. people need to be worried about the middle class but exactly how worried are they? where there is a will there is a way. there was a will in 1895, a will three years ago. yeah, 2009. but obviously there is a whole lot more talk than action because, let's see, i hear crickets or i hear some hula music but i certainly don't hear the ruffling of papers as any bill is getting passed. so i guess i will leave on this note on christmas eve. you know, i send my best wishes to all the military that are out of the country protecting us and making sure they secure the rights for every american, and i say to congress and the president, if you really were so concerned, you could have done a repeat performance. obviously obama care is signature legislation. cornhuskers, a lot of back room deals. but after 25 days of straight debati
the senate, the house, the president, they all want to do what's best especially harry reid and his gang. they're so worried about everybody in the fiscal cliff. they're obviously worried about how a & p is going to affect people, marginal tax rates, the middle class. good. people need to be worried about the middle class but exactly how worried are they? where there is a will there is a way. there was a will in 1895, a will three years ago. yeah, 2009. but obviously there is a whole lot...
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Nov 16, 2012
11/12
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harry reid has already shown up. i believe that is the vice president making his way to the west wing not too far from here. melissa, over to you. >> we're going to bounce back to headquarters. breaking news here on gm. kayla tausche has the latest. >> i learned from my sources that gm and ally are near a deal. that deal is set to be announced monday. $4 billion for operations of alley a ally in europe. it's critical for gm's operations there and we've been expecting this since ally put international operations up for sale. that will be announced monday and ally will have $9 billion to repay treasury for its bailout. back to you. >> thank you for that. kayla tausche at headquarters. >>> with one week to go before the biggest shopping day of the year, let's get back to earnings movers this year. shares of gap higher. retailer look likes it's on a roll. roxanne has a mutual rating up $37 a share. good to see you the. >> thanks for having me. >> do you believe the turnaround story is firmly in place at the gap? >> they
harry reid has already shown up. i believe that is the vice president making his way to the west wing not too far from here. melissa, over to you. >> we're going to bounce back to headquarters. breaking news here on gm. kayla tausche has the latest. >> i learned from my sources that gm and ally are near a deal. that deal is set to be announced monday. $4 billion for operations of alley a ally in europe. it's critical for gm's operations there and we've been expecting this since ally...
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Nov 23, 2012
11/12
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doesn't have the name recognition of harry reid. she clearly says if we don't get what we want, let's go over the cliff. this is the most important part. we talk about the fiscal cliff and recession. this is not as if a fire and brimstone will ring down on the earth on january 1st. slow and steady decline. when i tell people i expect us to breach this and go into the new year, i don't think that this is going to be the power goes out on january 1st. there will be a debate and slope. if you resolve this in a week or week and a half or two weeks, not much will happen economically speaking. the economy will not fold in on itself and we'll have this conversation eating spam in cave in the woods. >> that's good to know. he may be judging from what his weekends are like. >> that's an official view. >> where's the love? happy holidays to everybody. >> spam is not good. >> it's delicious. >> dan, thanks for stopping by. sears, kmart, walmart, best buy adding last-minute deals to sales list for black friday shoppers. find out what the deals
doesn't have the name recognition of harry reid. she clearly says if we don't get what we want, let's go over the cliff. this is the most important part. we talk about the fiscal cliff and recession. this is not as if a fire and brimstone will ring down on the earth on january 1st. slow and steady decline. when i tell people i expect us to breach this and go into the new year, i don't think that this is going to be the power goes out on january 1st. there will be a debate and slope. if you...
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Dec 18, 2012
12/12
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i guess harry reid and the president are dug in. they want this fiscal cliff to happen. we keep working at it trying to prevent it. >> the white house moveses from 250 in terms of people whose taxes will go up to 400 and the speaker is at 1 million. there's been speculation that maybe the two could meet at 500. why is that not happening? >> you know, go ask the white house. i think that's a good question to ask them why there is not movement. and many of us feel like you've got to have some spending cuts. look at the $16 trillion debt that we have. you have to get the fiscal house in order if you do not do something about entitlement reform, about the spending that is out of control. you're still going to see a downgrade when it comes to the rating agencies and when you have even many of the democrats now beginning to say you have to take a look at the spending and you have to take a look at entitlements. i think the white house would be well-served to look at some of the things that we in the house have passed. the senate could go to conference on any of these bills the
i guess harry reid and the president are dug in. they want this fiscal cliff to happen. we keep working at it trying to prevent it. >> the white house moveses from 250 in terms of people whose taxes will go up to 400 and the speaker is at 1 million. there's been speculation that maybe the two could meet at 500. why is that not happening? >> you know, go ask the white house. i think that's a good question to ask them why there is not movement. and many of us feel like you've got to...
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Jul 12, 2012
07/12
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. >> the reason i do frankly is they opened next to dwayne reid. >> walgreen across the street in times square. >> union square next to each other are best performing. all green is a company's stock going down. you thought about the idea maybe the acquisition was too much. the stock hung in there. is it because of the dividend. do you have to give these guys the benefit of doubt? >> hangs in there. it was down sharply day after day, right after they announced the deal. has come back a little bit. i wouldn't call it a major rally. >> pershing square taking a position. >> we'll find out about pershing square and proctor. i've asked our executive producer but he's been of no help to me. >> you could clarify that. >> just kidding. he's always great. >> the best i can find is an ftc filing that indicates sometimes how they are allowed to delay their g 13 filings. buffet can do this. it indicates perhaps pershing is taking a stake in p and g. i want to find out before we say too much. >> a dow stock like merck that will mask the weakness and i find this in chevron last night. chevron with a v
. >> the reason i do frankly is they opened next to dwayne reid. >> walgreen across the street in times square. >> union square next to each other are best performing. all green is a company's stock going down. you thought about the idea maybe the acquisition was too much. the stock hung in there. is it because of the dividend. do you have to give these guys the benefit of doubt? >> hangs in there. it was down sharply day after day, right after they announced the deal....
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Mar 1, 2012
03/12
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senator reid? >> thank you very much. >>> okay. that's the chairman of the federal reserve in front of senate banks committee answering q&a, saying a lot of what he said yesterday in front of the house. kelly evans joins us. it is a bit of an echo what he told the house, and -- or if after seeing the reaction yesterday, which some thought was a big of an overreaction. another six box. >> and risk creeping a big back on today. the dollar down a bit, so plays into the yesterday he might walk back from some of that tone. >> i think the line of questionings yesterday and answers sort of inflationary in nature. that was very interesting. it will be interesting to see if they key off that more. >> and following that report, a report we saw drops in new orders, and that's something that's going to hit home going forward. >> back in a moment with a lot more of bernanke coverage. "squawk on the street" is back in just two minutes. any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and al
senator reid? >> thank you very much. >>> okay. that's the chairman of the federal reserve in front of senate banks committee answering q&a, saying a lot of what he said yesterday in front of the house. kelly evans joins us. it is a bit of an echo what he told the house, and -- or if after seeing the reaction yesterday, which some thought was a big of an overreaction. another six box. >> and risk creeping a big back on today. the dollar down a bit, so plays into the...
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Dec 20, 2012
12/12
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harry reid is only a point man for obama. he's practically been irrelevant. this place operates best when it is decentralized, not centralized. putting a bill in front of the house, one will have a democrat tax cut version and another will have a republican and we'll have another spending reduction bill, i think that gives 435 members of congress an opportunity to have a stay so, talk about amendments, talk about what they wish they would have had in the bill and then it gives the senate an opportunity to act like a separate branch of government from the white house and they can move this legislation, they can amend it or whatever but i think america operates best when the 535 members of the house and senate work together on behalf of representative government rar than have a centralized two-person debate. >> right. but we know there is the likelihood of that two-person debate will continue. are you comfortable with the speaker and the president going ahead even in the face of this bill today? >> yes. om not being idealistic. many people are voting no because
harry reid is only a point man for obama. he's practically been irrelevant. this place operates best when it is decentralized, not centralized. putting a bill in front of the house, one will have a democrat tax cut version and another will have a republican and we'll have another spending reduction bill, i think that gives 435 members of congress an opportunity to have a stay so, talk about amendments, talk about what they wish they would have had in the bill and then it gives the senate an...
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Jul 27, 2012
07/12
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they have been passing measures but senator harry reid has blocked all of these efforts. what they're doing is putting these pieces of legislation on the senate floor, things that have no chance of passing. no. we should be acting here in congress. one of the things we are actually doing is agreed to a six-month continuing resolution so we take a shutdown off the table. i think that's incredibly important. i think the house next week will hopefully act as well as extend all the current tax rates for the year to bring back certainty of the economy because that's really what's happening. because of the lack of policy, because of the lack of leadership, there's such a lack of debs, that's what we need to restore to the american economy. that's what the house is trying to do. >> before we let you go, senator, with the events over the last 48 hours, do you think that mitt romney has the character and ability to represent the united states abroad? he quite clearly has offended the british. they're in an uproar about his talking about preparations of the games and he's had to wa
they have been passing measures but senator harry reid has blocked all of these efforts. what they're doing is putting these pieces of legislation on the senate floor, things that have no chance of passing. no. we should be acting here in congress. one of the things we are actually doing is agreed to a six-month continuing resolution so we take a shutdown off the table. i think that's incredibly important. i think the house next week will hopefully act as well as extend all the current tax...
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Feb 1, 2012
02/12
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sick reid said if we came in at 54, the s&p would be you have 136 points from here, a 10% gain. are you aware of that correlation? >> i'm not. but it's a long-running index. we've had it for several decades. it does a pretty good job of flagging where the company overall is heading. i don't know about you, simon, but when i watch the ups and downs of the market, i see it very tied to economic prospects. i think the market is reasonably comfortable we're going to do 2%, 2.5% growth. another factor in the market right now which the ism can't pick up is what the fed did. that's had a big impact on people saying, you know what, i can't do it in bonds anymore, i have to move into the riskier end in stocks. that's played a role in where we have in stocks right now. >> we'll see if it has anything to do with the gains we're seeing today. thank you very much, steve. >>> take one look at microsoft, by the way. this is a 52-week high today. a penny from $30. >> and if it trades above $30, that will be the first time it's traded above $30 intraday since may 5th, 2010, according to rich pet
sick reid said if we came in at 54, the s&p would be you have 136 points from here, a 10% gain. are you aware of that correlation? >> i'm not. but it's a long-running index. we've had it for several decades. it does a pretty good job of flagging where the company overall is heading. i don't know about you, simon, but when i watch the ups and downs of the market, i see it very tied to economic prospects. i think the market is reasonably comfortable we're going to do 2%, 2.5% growth....
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Sep 10, 2012
09/12
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linked in chairman reid hoffman is going to be one of the speakers here today. he's giving a keynote. linkedin, of course, one of the main success stories in this latest wave of social media and online ipos over the past year or two. but there are some others who are also going to be taking the stage. it'll be interesting. ben horowitz, one of the top vc firms backing a lot of the hot companies now. bill campbell, sort of the ceo whisperer, i call him, adviser to many including steve jobs over the years. dave moran, formerly of facebook, now of path. >> for investors how useful do you think mark zuckerberg's appearance will be tomorrow? >> reporter: i doubt it'll be that useful, actually. we'll certainly be monitoring it. i know julia boorstin is coming up and will be paying attention to that. but he's going to focus about ta product. facebook seems to be very much avoiding addressing investors directly, trying to focus on product in their public comments. >> it would be interesting to see who does the interview at tech crunch and whether or not -- >> the founde
linked in chairman reid hoffman is going to be one of the speakers here today. he's giving a keynote. linkedin, of course, one of the main success stories in this latest wave of social media and online ipos over the past year or two. but there are some others who are also going to be taking the stage. it'll be interesting. ben horowitz, one of the top vc firms backing a lot of the hot companies now. bill campbell, sort of the ceo whisperer, i call him, adviser to many including steve jobs over...
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Dec 28, 2012
12/12
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senator reid has already said hopes of a deal are fading quickly. just two trading days left until the cliff. and it's not just the fiscal cliff. wind farms and dairy are set to get hit. >> the ports of the east coast and gulf coast are bracing for a potential strike. the potential for this, midnight sunday with a shutdown threatening to threaten 20% of the cargo traffic. >> and instagram feeling the sting of the flap around privacy with users, fleeing the site. how will this impact facebook? >> as we mentioned, dennis berman, "wall street journal" market place editor is joining us here on set once again for the next hour. good to have you back, dennis. lots to talk about between the cliff and other news. >> three days before the u.s. goes over the fiscal cliff, congressional leaders will meet with the president this afternoon. i remember standing on the white house north lawn last month, after leaders met with the president back then. things looked pretty promising. here's what they said after that meeting. >> i believe that the framework that i've
senator reid has already said hopes of a deal are fading quickly. just two trading days left until the cliff. and it's not just the fiscal cliff. wind farms and dairy are set to get hit. >> the ports of the east coast and gulf coast are bracing for a potential strike. the potential for this, midnight sunday with a shutdown threatening to threaten 20% of the cargo traffic. >> and instagram feeling the sting of the flap around privacy with users, fleeing the site. how will this impact...
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Dec 19, 2012
12/12
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now the white house has said, no, if that passes, which harry reid says it cannot pass, but if it does, we're going to veto it. so this is positioning, counterpositioning. everybody is striking a pose. still have private negotiations going on among staff. as i said, carl, when we talked a few moments ago, i remain optimistic that the fundamentals are in place for a deal. they're testing everybody's patience. >> it is a departure from at least a few days ago where there was the absence of any back and forth, right? there is that. >> well, you know, i talked to a republican member of congress yesterday afternoon who said that this is sound and fury you get before a deal. why does he say that? because they're exchanging offers. there's back and forth. the differences are getting narrower. that's a positive sign. that's where we are. the question is, you know, if you get the distance down to a very short amount between the two sides, can they bridge it? can john boehner sell the deal with his republican caucus? he met with leadership last night. met with his caucus earlier yesterday. can p
now the white house has said, no, if that passes, which harry reid says it cannot pass, but if it does, we're going to veto it. so this is positioning, counterpositioning. everybody is striking a pose. still have private negotiations going on among staff. as i said, carl, when we talked a few moments ago, i remain optimistic that the fundamentals are in place for a deal. they're testing everybody's patience. >> it is a departure from at least a few days ago where there was the absence of...
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Nov 8, 2012
11/12
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harry reid and john boen we are the olive branches to each other and maybe seemingly willing to talk and maybe risk to the upside in terms of a bargain being struck. when's the risk? >> i think that's the big uncertainty. the optimist in me love they come together and have a good deal for everybody concerned and we move forward. the pessimist says i heard nothing different yesterday despite the press conferences. and neither side really has a mandate to impose their will on the other. and in fact, i see very little difference as i'm sitting here today versus where we sat on monday and so there's very significant reasons why there could not be a deal. we hope there is but the devil's in the details. what kind of a deal will we strike? the one the markets like and going to be effective for long-term growth is going to be the one with true reform. whether it's regulatory reform, tax reform, reduction in marginal rates and exchange for getting rid of some deductions. i think that's a good plan but did devil's in the details there. and i haven't heard anything different yet. i have heard
harry reid and john boen we are the olive branches to each other and maybe seemingly willing to talk and maybe risk to the upside in terms of a bargain being struck. when's the risk? >> i think that's the big uncertainty. the optimist in me love they come together and have a good deal for everybody concerned and we move forward. the pessimist says i heard nothing different yesterday despite the press conferences. and neither side really has a mandate to impose their will on the other. and...
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Jun 13, 2012
06/12
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. >> senator reid. >> thank you very much, mr. chairman. i think this is a very important hearing because the issues that have been raised go right to the capability of large, complex international financial institutions to manage risk. and complementing that is the ability of regulators to oversight the management of the risk by those corporations. i think it also is a strong case in my view for a very clear, but very strong volcker rule. and also for standing up finally to director at the office of financial research. i know i've been talking to chairman johnson and also ranking member shelby about that. but let me ask a question. this goes to risk management. in your proxy materials, risk management seems to be the responsibility of the office of risk management. which is an individual different than the cio. was this individual -- and i know there was several changes -- monitoring and supervising the cio, the chief investment officer, on a regular basis? did he or she approve the change in modeling for the var? >> every business we have
. >> senator reid. >> thank you very much, mr. chairman. i think this is a very important hearing because the issues that have been raised go right to the capability of large, complex international financial institutions to manage risk. and complementing that is the ability of regulators to oversight the management of the risk by those corporations. i think it also is a strong case in my view for a very clear, but very strong volcker rule. and also for standing up finally to...
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Jun 25, 2012
06/12
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>> yeah, you heard a lot of discussion prior to this bill being put into harry reid's office and written ininform camera and brought on the floor of the senate on a saturday afternoon and we had to vote on it on christmas eve. prior to that, there had been significant bipartisan movement towards getting some very substantive and important reforms in health care and how we deliver it. and it goes back to the issue of what do you reward people for in the health care system? rather than rewarding them for utilization and repetition, we should be rewarding them for outcomes and for value. giving people more choices, allowing people to participate in their choices and understand their choices more effectively, allowing the insurance market to go across state lines. there are a lot of different things that could be done, obviously major tort reform. a lot of different things could be done m and they have to be done in a bipartisan way because health care is such a big issue that the american people aren't comfortable with decisions that they think aren't fair and they think they're not fair if
>> yeah, you heard a lot of discussion prior to this bill being put into harry reid's office and written ininform camera and brought on the floor of the senate on a saturday afternoon and we had to vote on it on christmas eve. prior to that, there had been significant bipartisan movement towards getting some very substantive and important reforms in health care and how we deliver it. and it goes back to the issue of what do you reward people for in the health care system? rather than...